1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,320 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,640 --> 00:00:20,080 Speaker 1: Scarlett Foo and Alexandra Semonova here for Paul Sweeney, and 5 00:00:20,200 --> 00:00:22,000 Speaker 1: we want to start things off this hour by taking 6 00:00:22,040 --> 00:00:23,320 Speaker 1: a look at some stocks on the move. 7 00:00:23,560 --> 00:00:26,079 Speaker 2: Bloomberg's Christine Aquino is here with us. Christine, what are 8 00:00:26,079 --> 00:00:26,480 Speaker 2: you watching? 9 00:00:26,680 --> 00:00:29,400 Speaker 1: We got to watch JP Morgan's carl It since we 10 00:00:29,440 --> 00:00:32,880 Speaker 1: did just get their earnings, so ticker JPM. Those shares 11 00:00:32,920 --> 00:00:36,440 Speaker 1: extending their declines now down more than two point six 12 00:00:36,520 --> 00:00:39,440 Speaker 1: percent at the moment, And of course the headline is 13 00:00:39,600 --> 00:00:42,519 Speaker 1: those lower investment fees because of the debt underwriting this, 14 00:00:42,840 --> 00:00:45,519 Speaker 1: which is unfortunate because a lot of its other metrics 15 00:00:45,800 --> 00:00:49,280 Speaker 1: really really healthy. Net interest income forecasts for twenty twenty six, 16 00:00:49,560 --> 00:00:52,519 Speaker 1: fixed income and equity sales, training and revenue for the 17 00:00:52,560 --> 00:00:56,760 Speaker 1: previous quarter all beating estimates. But it's all everyone's talking 18 00:00:56,800 --> 00:00:59,480 Speaker 1: about is those lower investment banking fees. 19 00:00:59,680 --> 00:00:59,880 Speaker 2: Now. 20 00:01:00,000 --> 00:01:03,840 Speaker 1: The CFO Jeremy Barnoma, did offer some relief here just 21 00:01:03,920 --> 00:01:06,839 Speaker 1: explaining why there was a short fall. He was saying 22 00:01:06,880 --> 00:01:08,920 Speaker 1: that it can partly be attributed to the fact that 23 00:01:09,280 --> 00:01:11,720 Speaker 1: deals were just that were expected to be complete in 24 00:01:11,720 --> 00:01:13,679 Speaker 1: the corner just got pushed a little bit later. So 25 00:01:13,720 --> 00:01:16,440 Speaker 1: it's really just all about a timing mismatch here, according 26 00:01:16,440 --> 00:01:17,040 Speaker 1: to the CFO. 27 00:01:17,600 --> 00:01:20,080 Speaker 2: Yeah, all eyes of course were on JP Morgan today 28 00:01:20,120 --> 00:01:22,480 Speaker 2: Christine kicking off the earning season. But we do have 29 00:01:22,520 --> 00:01:25,080 Speaker 2: some other big company announcements. What else is on your radar? 30 00:01:25,160 --> 00:01:29,600 Speaker 1: Absolutely, let's talk about Delta, So ticker DAL those there's 31 00:01:29,640 --> 00:01:32,040 Speaker 1: also not doing too well this morning, down one point 32 00:01:32,120 --> 00:01:34,760 Speaker 1: eight percent at the moment, and that is because we 33 00:01:34,840 --> 00:01:38,160 Speaker 1: did hear from the company about their full year APS 34 00:01:38,200 --> 00:01:41,200 Speaker 1: forecast disappointing. They're now seeing it in a range of 35 00:01:41,240 --> 00:01:45,080 Speaker 1: six fifty to seven fifty seven dollars fifty cents, i 36 00:01:45,120 --> 00:01:48,080 Speaker 1: should say, and the midpoint of that range falling short 37 00:01:48,120 --> 00:01:51,920 Speaker 1: of analyst expectations. The CEO at Bastian did cite uncertainty 38 00:01:51,920 --> 00:01:54,440 Speaker 1: in the geopolitical environment. He was also talking about the 39 00:01:54,440 --> 00:01:57,240 Speaker 1: fact that foreign traveled to the US from Canada and 40 00:01:57,320 --> 00:02:01,640 Speaker 1: China for instance, quote just haven't read turned in large numbers. 41 00:02:02,040 --> 00:02:05,160 Speaker 1: He did offer some silver linings here talking about the 42 00:02:05,240 --> 00:02:08,360 Speaker 1: high spending consumers, say that segment continues to be strong 43 00:02:08,639 --> 00:02:12,160 Speaker 1: in Delta, continuing to tout its premium products to differentiate 44 00:02:12,240 --> 00:02:16,560 Speaker 1: itself from its competitors. And finally, what's the last one 45 00:02:16,560 --> 00:02:19,920 Speaker 1: on your list? Well, talking about alphabets, Scarlett or Google. 46 00:02:20,560 --> 00:02:23,720 Speaker 1: Some of the old school observes there might call it 47 00:02:23,800 --> 00:02:27,840 Speaker 1: so ticker Goog that's doing well this morning, shares around 48 00:02:27,840 --> 00:02:30,200 Speaker 1: one point eight percent at the moment, and as because 49 00:02:30,280 --> 00:02:32,680 Speaker 1: it's still reaping the benefit of the news, of course, 50 00:02:32,880 --> 00:02:35,960 Speaker 1: that it has entered a multi year deal with Apple 51 00:02:36,240 --> 00:02:40,000 Speaker 1: to power the iPhone's AI technology. So Bloomerk intelleg is 52 00:02:40,040 --> 00:02:43,519 Speaker 1: weighing in on this development, saying that Apple's decision to 53 00:02:43,600 --> 00:02:46,880 Speaker 1: use Gemini for its AI really highlights the cost advantage 54 00:02:46,919 --> 00:02:52,240 Speaker 1: of Google's tensor processing unit chips. Remember they made waves 55 00:02:52,280 --> 00:02:57,360 Speaker 1: there really as an emergent competitor in terms of being 56 00:02:57,400 --> 00:03:01,160 Speaker 1: able to provide those chips and really strengthens a Google's 57 00:03:01,200 --> 00:03:04,720 Speaker 1: position in large language models and the clouds. So Morgan 58 00:03:04,840 --> 00:03:08,120 Speaker 1: use for Google here listen. As an Android user, I 59 00:03:08,200 --> 00:03:11,240 Speaker 1: choose to see this personally as proof that androids is 60 00:03:11,240 --> 00:03:12,480 Speaker 1: better than iPhones, and I. 61 00:03:12,520 --> 00:03:18,160 Speaker 2: Know the stock Moover's report from Bloomberg Radio check back 62 00:03:18,200 --> 00:03:20,400 Speaker 2: with us throughout the day. For the latest roundup of 63 00:03:20,480 --> 00:03:23,760 Speaker 2: companies making news on Wall Street, and for the latest 64 00:03:23,800 --> 00:03:28,000 Speaker 2: market moving headlines. 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